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Mist Eliminator Market Projected to reach USD 1,152.4 million by 2021, at a CAGR of 5.3% from 2016 to 2026

Press Release   •   Jun 06, 2017 08:06 GMT

"Mist Eliminator Market Projected to reach USD 1,152.4 million by 2021, at a CAGR of 5.3% from 2016 to 2026" published in June 2017. It is a professional and in-depth study.

Summary

Market Research Report Storeannounces a new report"Mist Eliminator Market"added to its database.The global mist eliminator market is projected to reach USD 1,152.4 million by 2021, at a CAGR of 5.3% from 2016 to 2026. Government regulations to control the emissions of toxic emissions from the oil & gas, desalination, power generation, and petrochemical industries is propelling the growth of this market. However, since 2014, the upstream oil industry has witnessed a drastic fall in drilling operations across the world. This has led to reduced demand for mist eliminators from one of its largest end-user segment, oil & gas, inhibiting the growth of the mist eliminator market.

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“Oil & gas is the largest end user segment in the global mist eliminator market”

The oil & gas segment accounted for the largest share of the global mist eliminator market in 2015. Converting crude oil to useable energy resource is responsible for toxic emission. Hence, it becomes imperative for associated industries to install mist eliminators to limit their emission. Moreover, power generation is also a key end user of mist eliminators due to establishment of coal-fired plants in various emerging economies of Southeast Asia like China and India. Regulations imposed for the control of air pollution are gradually becoming stringent around the world, and this in turn, will create opportunities for the installation of mist eliminators in industrial plants.

“Wire mesh is the fastest-growing type segment in the global mist eliminator market”

The wire mesh segment accounted for the largest share of the global mist eliminator market in 2015, and is projected to grow at the highest CAGR from 2016 to 2026. Wire mesh is the most preferred and used mist eliminator type to remove the toxic gases, worldwide. It is highly efficient with relatively high removal efficiency and low cost of operation.

“Asia-Pacific led the global mist eliminator market in 2015”

The Asia-Pacific region accounted for the largest share of the global mist eliminator market in 2015. The mist eliminator market in Asia-Pacific is projected to grow at the highest CAGR in the coming years, mainly due to the increasing number of coal based thermal power plants in the region. Increasing population and urbanization are stimulating the market growth for a wide range of industries in the region, thus increasing the demand for the mist eliminators.

Profile break-up of primary participants for the report:

  • By Company Type – Tier 1 – 55 %, Tier 2 – 20%, Tier 3 – 25%
  • By Designation – C level – 75%, Manager level – 25%
  • By Region – North America – 10%, Europe – 20%, Asia-Pacific – 30%, Middle East & Africa – 20%, South America – 20%
  • Furthermore, as a part of qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. Key players have been profiled in the study, including Sulzer Chemtech (Winterthur, Switzerland), FMC Technologies Inc. (Texas, U.S.), Munter AB (Stockholm, Sweden), Koch-Glitsch (Kansas, U.S.), Sullair LLC (New York, U.S.), Kimre Inc. (Miami, Florida), Air Quality Engineering, Inc. (Minneapolis, U.S.), MECS Inc. (Missouri, U.S.), AMACS (Texas, U.S.), and Hillard Corporation (New York, U.S.).

    Research Coverage:

    In this report, the mist eliminator market has been segmented based on material, end user, type, and application. Further, the market is segmented into six regions, namely, Asia-Pacific, North America, Europe, Middle East, South America, and Africa. It provides detailed information regarding key factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges.

    Reasons to buy the report:

    From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the mist eliminator market; high-growth regions; and market drivers, restraints, and opportunities.

    The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on mist eliminator offered by the top players in the global mist eliminator market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the mist eliminator market
  • Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for mist eliminator across regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global mist eliminator market
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global mist eliminator market
  • TABLE OF CONTENTS

    1 INTRODUCTION 13

    1.1 OBJECTIVES OF THE STUDY 13

    1.2 MARKET DEFINITION 13

    1.3 STUDY SCOPE 14

    1.3.1 MARKETS COVERED 14

    1.3.2 YEARS CONSIDERED FOR THE STUDY 15

    1.4 CURRENCY 15

    1.5 LIMITATIONS 15

    1.6 STAKEHOLDERS 16

    2 RESEARCH METHODOLOGY 17

    2.1 RESEARCH DATA 17

    2.1.1 KEY DATA FROM SECONDARY SOURCES 18

    2.1.2 KEY DATA FROM PRIMARY SOURCES 19

    2.1.2.1 Key industry insights 20

    2.2 MARKET SIZE ESTIMATION 21

    2.3 DATA TRIANGULATION 23

    2.4 RESEARCH ASSUMPTIONS 24

    3 EXECUTIVE SUMMARY 25

    4 PREMIUM INSIGHTS 30

    4.1 OPPORTUNITIES IN GLOBAL MIST ELIMINATOR MARKET 30

    4.2 GLOBAL MIST ELIMINATOR MARKET, BY TYPE 31

    4.3 ASIA-PACIFIC MIST ELIMINATOR MARKET 32

    4.4 GLOBAL MIST ELIMINATOR MARKET, BY REGION 32

    4.5 GLOBAL MIST ELIMINATOR MARKET, BY END USER 33

    5 MARKET OVERVIEW 34

    5.1 MARKET DYNAMICS 35

    5.1.1 DRIVERS 36

    5.1.1.1 Growth in power generation sector 36

    5.1.1.2 Social policies and incentives 36

    5.1.1.3 Stringent emission regulations 36

    5.1.2 RESTRAINTS 36

    5.1.2.1 Unfavorable economic conditions 36

    5.1.2.2 Emerging alternative renewable energy sources 37

    5.1.3 OPPORTUNITIES 37

    5.1.3.1 Rapid industrialization 37

    5.1.3.2 Continued augmentation of emission regulations worldwide 37

    5.1.4 CHALLENGES 37

    5.1.4.1 Raw material price fluctuations 37

    5.2 COST STRUCTURE 38

    5.3 REVENUE POCKET MATRIX 39

    5.3.1 REVENUE POCKET MATRIX: MIST ELIMINATOR MARKET, BY TYPE 39

    5.3.2 REVENUE POCKET MATRIX: MIST ELIMINATOR MARKET, BY END USER 40

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    Market Research Report Store

    About Market Research Report Store

    Market Research Report Store is one of the most fast-growing and professional online platforms for industry reports, market reports, and professional surveys. Our collection covers more than 100 global markets. We have cooperated with leading publishers and consultant companies to offer the best market intelligence products to our clients with instant access to our database.

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